NAS100USD / UNDER FOMC PRESSURE / 4H
NAS100USD / 4H TIME FRAME
HELLO TRADERS
Recent Price Movement ,The price has reached a new historical level, breaking past the last all-time high (ATH) of 20,788.
Current Target , Prices are trying to approach 21,125. As long as there’s upward pressure, there’s potential for growth.
Potential Retest of Support , Before continuing to increase, prices might retest an old supply zone between 20,788 and 20,662. This area serves as a potential support level, and if the price remains above it, there’s a higher chance for further increases.
Upside Target , If prices stabilize above this support zone, there’s a chance of reaching a new ATH around 21,125. If it breaks this level, the next historical zone lies between 21,200 and 21,350.
Downside Risk, If prices fall below the old supply zone, it could indicate a decline, with a potential target of the Fair Value Gap (FVG) between 20,482 and 20,335. This level represents a potential lower support area if the price trend reverses.
HELLO TRADERS
Recent Price Movement ,The price has reached a new historical level, breaking past the last all-time high (ATH) of 20,788.
Current Target , Prices are trying to approach 21,125. As long as there’s upward pressure, there’s potential for growth.
Potential Retest of Support , Before continuing to increase, prices might retest an old supply zone between 20,788 and 20,662. This area serves as a potential support level, and if the price remains above it, there’s a higher chance for further increases.
Upside Target , If prices stabilize above this support zone, there’s a chance of reaching a new ATH around 21,125. If it breaks this level, the next historical zone lies between 21,200 and 21,350.
Downside Risk, If prices fall below the old supply zone, it could indicate a decline, with a potential target of the Fair Value Gap (FVG) between 20,482 and 20,335. This level represents a potential lower support area if the price trend reverses.
Trade active
UPDATE
1. Price Action and Key Levels:
• The Nasdaq recently hit a new All-Time High (ATH) around 21,175.
• There is an anticipated pullback towards a demand zone, likely between 20,909 and 20,835 (or potentially even lower, reaching 20,641 and 20,496).
• After reaching this demand zone, the price is expected to rise again to a new historical zone, predicted between 21,175 and 21,356.
2. Upward Pressure from Political Events:
• The analysis suggests that an American election result in Trump’s favor would likely lead to upward pressure on Nasdaq prices. This prediction implies confidence in Trump’s economic policies potentially benefiting the stock market.
Note
UPADTE
the prices reach our target +200 pip profit , currently tryin to reach 21,350 after the breakout the last ATH.
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